TripAdvisor CFO exercises RSUs, uses shares for taxes
TripAdvisor, Inc. CFO & SVP Michael Noonan reported a set of compensation‑related equity transactions in the company’s common stock.
Rhea-AI Filing Summary
TripAdvisor, Inc. CFO & SVP Michael Noonan reported a set of compensation‑related equity transactions in the company’s common stock. He exercised restricted stock units that converted into a total of 15,307 shares of common stock, reflecting previously granted awards that reached their vesting dates.
To cover tax obligations tied to these vestings, 7,402 shares were disposed of at $9.60 per share through tax-withholding transactions, rather than open‑market sales. After these routine exercises and withholdings, Noonan continues to hold directly more than 130,000 shares of TripAdvisor common stock.
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Insider Trade Summary
15,307 shares exercised/converted
Exercise
9 txns
Insider
Noonan Michael
Role
CFO & SVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 4,215 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 3,757 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 7,335 | $0.00 | $0.00 |
| Exercise | Common Stock | 4,215 | $9.60 | $40K |
| Exercise Price or Tax Liability | Common Stock | 2,038 | $9.60 | $20K |
| Exercise | Common Stock | 3,757 | $9.60 | $36K |
| Exercise Price or Tax Liability | Common Stock | 1,817 | $9.60 | $17K |
| Exercise | Common Stock | 7,335 | $9.60 | $70K |
| Exercise Price or Tax Liability | Common Stock | 3,547 | $9.60 | $34K |
Holdings After Transaction:
Restricted Stock Units — 119,643 contracts (Direct);
Common Stock — 138,058 shares (Direct)
Footnotes (1)
- F1. Date at which first vesting occurs is indicated. 25% of the total number of RSUs vest on February 15, 2026, and 6.25% will vest quarterly thereafter. The award is fully vested on February 15, 2029.
Key Figures
RSU exercises: 15,307 shares
Tax-withholding shares: 7,402 shares
Tax-withholding price: $9.60 per share
+5 more
8 metrics
RSU exercises
15,307 shares
Total shares from derivative exercises reported
Tax-withholding shares
7,402 shares
Shares delivered to cover tax liabilities
Tax-withholding price
$9.60 per share
Price used in F-code tax-withholding dispositions
Common shares held
over 130,000 shares
Direct TripAdvisor holdings after transactions
RSU exercise price 1
$14.91 per unit
Conversion or exercise price for one RSU grant
RSU exercise price 2
$27.03 per unit
Conversion or exercise price for another RSU grant
Initial RSU vesting
25% on February 15, 2026
First vesting tranche for referenced RSU award
Full RSU vesting date
February 15, 2029
Date RSU award becomes fully vested
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative exercise/conversion, vest, +1 more
5 terms
Restricted Stock Units financial
"security_title": "Restricted Stock Units""
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
vest financial
"25% of the total number of RSUs vest on February 15, 2026"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
fully vested financial
"The award is fully vested on February 15, 2029."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did TripAdvisor (TRIP) CFO Michael Noonan report in this Form 4?
TripAdvisor CFO Michael Noonan reported routine equity compensation activity. He exercised restricted stock units into common shares and had a portion of those shares withheld to satisfy tax obligations, rather than selling shares in the open market.
What do the vesting terms of the TripAdvisor (TRIP) RSUs look like?
A footnote explains that 25% of the restricted stock units vest on February 15, 2026, with an additional 6.25% vesting quarterly thereafter. The award becomes fully vested on February 15, 2029, subject to continued service conditions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
